Youngevity has had their securities revoked as part of a settlement reached with the SEC.

This includes Youngevity’s shares, which previously traded under the ticker YGYI. [Continue reading…]

GSPartners has received a securities fraud cease and desist order from Mississippi.

The December 6th order also applies to GSPartners’ owner Josip Heit, and local Mississippi promoter Richard L. Shoto. [Continue reading…]

Youngevity has ended its foray into 8 Minute Trader.

In a communication sent out to members, Youngevity advised it had

made the decision to close the 8 Minute Trader project, effective November 14, 2023.

[Continue reading…]

Two weeks after the Ponzi scheme collapsed, the UK has finally issued an ITP Corp securities fraud warning.

As per the FCA’s December 5th warning, ITP Corp [Continue reading…]

Wings Mobile fails to disclose ownership or executive information on its website.

Wings Mobile’s marketing material cites Antonio Milio as its founder and CEO.

Milio first appeared on BehindMLM back in 2021, as CEO of the BitWings Ponzi scheme.

Bitwings marketed itself as a division of Wings Mobile, built around the BWN ERC-20 shit token. Since our 2021 review, Bitwings has collapsed.

According to his social media profiles, Milio is based out of Spain. This tracks with Wings Mobile primarily targeting Spanish-speaking countries. Wings Mobile’s website also defaults to Spanish.

As of October 2023, SimilarWeb currently tracks top sources of traffic as Peru (9%), Belize (7%), the US (6%), Vietnam (6%) and Colombia (6%)

In our BitWings review, we did note Wings Mobile but were unable to research due to hidden compensation details.

Having sourced a copy of Wings Mobile’s compensation plan in English, we’re now able to publish a review.

Read on for a full review of Wings Mobile’s MLM opportunity. [Continue reading…]

Founded in 2020, My Neo Group pitches itself as a “vanguard in fintech and asset management”.

Following the recent acquisition of Zeniq Technologies, they’re now also owners of a fraudulent investment scheme. [Continue reading…]

CryptoFamily’s NFT grift, launched after their initial Ponzi collapsed, is branded as “OurFamily”.

OurFamily launched on a new domain, registered on November 20th, and its website includes nauseating “family” references. [Continue reading…]

Merobit fails to provide ownership or executive information on its website.

In Merobit’s marketing materials, “Manny Stalomn” is cited as founder and CEO.

Stalomn doesn’t exist outside of Merobit’s marketing material. Furthermore he appears to be represented by an AI generated image.

Merobit’s website domain (“merobit.net”), was privately registered on October 24th, 2023.

As of October 2023, SimilarWeb tracked top sources of traffic to Merobit’s website as Germany (12%), the US (12%), Trinidad and Tobago (7%), the Bahamas (7%) and Spain (7%).

In an attempt to appear legitimate, Merobit provides a UK company registration details for Merobit LTD.

Of note is the UK’s FCA issuing a Merobit securities fraud warning on November 30th, 2023.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

OneCoin’s Irina Dilkinska has consented to a $111,440,000 monetary judgment.

The judgment follows Dilkinska’s guilty plea last month. [Continue reading…]

The SEC has been ordered to explain why it shouldn’t be sanctioned in the ongoing Debt Box & iX Global case.

As noted by the court, at the hearing to dissolve the TRO (the TRO was dissolved in October),

the court highlighted several of the Commission’s representations supporting the TRO Application the court believed were false or misleading.

The misrepresentations pertain to date ranges Debt Box began transferring investor funds outside of the US. [Continue reading…]